Treasuring Christ Together Network
- Assets
- $129.0k
- Revenue
- $171.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Minneapolis, MN
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 47-4075988
Organization Overview
Treasuring Christ Together Network is located in Minneapolis, MN. The organization was established in 2016. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Treasuring Christ Together Network employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treasuring Christ Together Network is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Treasuring Christ Together Network generated $171.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $137.9k during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NURTURING HEALTHY PASTORS AND HEALTHY CHURCHES TO PLANT HEALTHY CHURCHES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETREAT PROVIDED FOR PASTORS OF MEMBER CHURCHES THROUGHOUT THE YEAR. PASTORS & WIVES ATTENDED AND RECEIVED ENCOURAGEMENT, TEACHING AND REST OVER A TWO DAY PERIOD.
STARTED NEW PROGRAM TO PROVIDE ONGOING PASTORAL CARE AND TO CONNECT CHURCHES IN THE NETWORK IN MORE INTENTIONAL AND MEANINGFUL WAYS.
CHURCH PLANTING DOMESTICALLY AND OVERSEAS SUPPORTED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher S Cordell Executive Director | OfficerTrustee | 5 | $6,000 |
Kenneth Stokes Vicechair | OfficerTrustee | $0 | |
Jordan Thomas Director | Trustee | 1 | $3,000 |
Brett Louis Director | Trustee | 0.5 | $0 |
Timothy Cain Director | Trustee | 1 | $1,077 |
Justin Perry Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $91,543 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,167 |
| Total Program Service Revenue | $3,232 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,170 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,175 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,796 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,568 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100 |
| Advertising and promotion | $1,037 |
| Office expenses | $940 |
| Information technology | $218 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,258 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,635 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $569 |
| All other expenses | $354 |
| Total functional expenses | $137,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,011 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $129,011 |
| Accounts payable and accrued expenses | $294 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $294 |
| Net assets without donor restrictions | $128,717 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $129,011 |
Grants Awarded
Over the last fiscal year, Treasuring Christ Together Network has awarded $14,170 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BETHLEHEM COLLEGE & SEM PURPOSE: Tamfu Cameroon Fund | $4,500 |
RESTORATION CHURCH PURPOSE: Church Planting Conference | $4,075 |
CHRIST FELLOWSHIP CHURCH PURPOSE: Church planting residency | $4,000 |
REACHING & TEACHING INT PURPOSE: Support for missionaries | $1,500 |
THE BARNABAS CENTER PURPOSE: Counseling for member | $95 |